Royal HaskoningDHV, an independent, international engineering and project management consultancy, has achieved a net result of €6.3 million for 2014, a significant improvement compared to a €3.4 million net loss in 2013.
The company’s goal of profitability before growth has been achieved through a strong focus on developing and maintaining leading market positions in a selected number of geographies and services.
Erik Oostwegel, Chairman, commented: “Royal HaskoningDHV is well on the way to achieving its long term objective of sustainable, profitable operations. The 2014 results demonstrate the success of our stronger focus on where and how we operate. Two years after the merger we are truly able to bring together the best teams that offer integrated solutions.”
“Our clients – public and private – are faced with complicated challenges such as water security and safety, urbanization, pressure on traffic and transport, resource availability, waste and demand for energy. These challenges require a creative, integrated and collaborative approach developed with key stakeholders associated with a project,” he added.
“Although the full impact of these global challenges may only become fully visible in a few years’ time, our company is being asked to design and develop interventions now to ensure industries, cities and societies are prepared for the future,” said Oostwegel.
Royal HaskoningDHV has a strong foundation for moving forward in 2015 despite the continuing uncertain market outlook. Project execution results, utilization rates and working capital management need further improvement.
The company will continue to invest in developing leading market positions to build and maintain competitive advantage. In addition, the focus will remain on servicing key clients and directing particular efforts towards large-scale projects that will benefit from Royal HaskoningDHV’s breadth of expertise and integrated multidisciplinary teams.